Colorado on Wednesday became the first state in the country to limit how much could be required for someone to pay for insulin.
The Denver Post reports Gov. Jared Polis Jared Schutz PolisSchool Awards Students Killed in Colorado School Shooting Colorado State Secretary forbids employees from traveling to Alabama after abortion law Colorado governor marks day for teenager who died in school shooting MORE (D ) signed a bill that caps co-pays associated with insulin for $ 1
"Today we will declare that the days of insulin pricing are over in Colorado," Polis said at his office on Wednesday when he signed the bill.
The cost of insulin in the United States has increased in recent years, and since 2012 it has doubled and the news noted statistics from the Healthcare Cost Institute. People with type 1 and type 2 diabetes require the expensive drug to control blood sugar levels.
The law does not change or limit what insulin manufacturers can charge insurance companies, rather than just abolishing what the patients have to pay.
newsletter notes insurance companies are expected to pay the difference in price.
The law also requires the Colorado Attorney General Phil Weiser (D) to begin investigating why the cost of insulin has increased in recent years.